customs duties
Border crossing levies
Customs duties are taxes imposed by a government on goods imported into or, less commonly, exported from a country.
These charges serve multiple purposes: generating revenue, protecting domestic industries from foreign competition, and sometimes as tools of trade policy or retaliation.
The amount owed typically depends on the type of goods, their declared value, and the country of origin.
The customs duties on those electronics added significantly to the final cost.
Taxes on cross-border commerce
- protectionismShielding local producers
- trade barriersRestrictions on cross-border commerce
- free trade zonesRegions without import duties
- quotaFixed assigned amount
embargo · sanctions · mercantilism · trade agreements · bilateral · multilateral · smuggling · contraband
Tax on traded goods
- levyCompulsory government charge
- exciseRemove by cutting
- impostTax on traded goods
- dutyRequired moral task
assessment · surtax · toll · charge · revenue · indirect tax · consumption tax · VAT
Adhering to requirements
- enforcementCompelling compliance with rules
- prohibited goodsUnlawful cargo or merchandise
- restricted goodsProducts under legal control
- declarationFormal public announcement
manifest · bill of lading · clearance · inspection · audit · penalty
Inspection station on route
- port of entryAuthorized border crossing location
- quarantineIsolation preventing disease transmission
- immigrationRelocating abroad permanently
- passport controlBorder document verification point
trade tariffs
Taxes on cross-border commerce
- protectionismShielding local producers
- trade barriersRestrictions on cross-border commerce
- free trade zonesRegions without import duties
quota · embargo · sanctions · mercantilism · trade agreements · bilateral · multilateral · smuggling · contraband · entrepôt
tariff
Tax on traded goods
duty · assessment · surtax · toll · charge · revenue · indirect tax · consumption tax · VAT · dutiable
compliance
Adhering to requirements
- enforcementCompelling compliance with rules
- prohibited goodsUnlawful cargo or merchandise
- restricted goodsProducts under legal control
declaration · manifest · bill of lading · clearance · inspection · audit · penalty
checkpoint
Inspection station on route
- port of entryAuthorized border crossing location
- quarantineIsolation preventing disease transmission
- immigrationRelocating abroad permanently
passport control · transit zone · seizure · confiscation · green channel
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- tradetrade balance, free trade, trade barriers, trade deficit, commerce
- chargesfees, surcharges, levies, service charges, service fees
- customsholiday tradition, greeting, rituals, unspoken rules, cheek kissing
- global commerceworld trade, free trade, global trade, commerce, foreign markets
- economic policymonetary policy, tax policy, fiscal discipline, fiscal stimulus, fiscal restraint
customs dutiesfree trade
Unrestricted international exchange
duty-free · open borders · free trade agreement · free trade agreements · customs union
customs dutiesvalue-added tax
Incremental consumption levy
income tax · property tax · internal revenue · excise tax · consumption tax
custom, customer, customs, customary, duties, accustomed, customize, customization, uncustomary